#CEXvsDEX101 #CEXvsDEX101 – Here's a quick primer on Centralized Exchanges (CEXs) vs. Decentralized Exchanges (DEXs):

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🔁 Centralized Exchanges (CEX)

Examples: Binance, Coinbase, Kraken

Key Features:

Managed by companies – They act as intermediaries.

User-friendly UI/UX

High liquidity & fast transactions

KYC/AML requirements – You need to verify identity.

Custodial – They hold your funds.

Pros:

Easier for beginners

More trading pairs

Customer support

Cons:

Vulnerable to hacks

Regulatory pressure

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